UK SLer's : Is this weekend a good time to sell your L$ ?
The USD $ is now down to 1.5 $ on the £ ...This is huge drop as the market implodes , At closing today on the US market that could go down futher .
If we are buying dollers for pounds we take a loss .... But selling dollers in exchange for pounds we stand to get a higher rate of return .
Exmple : $500 USD
Lets say last month ( it was around $2 to £1 ) we had $500 worth of L$ in world ...We sell sell off ... and then transfer the $ to a UK bank it would work out at £250 banked .
Today its 1.5 $ to the £ it works out closer to the £300 mark...and if it drops more by the end of closing trade today ( lets say for this example ) to $1 to the £ even ... it would be £500 for $500
Imnot saying it will drop that much ...it could even go up befor closing .... but right now at 1.5 looks like a good time to sell off $'s for £'s
What you guys think ?
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UK SLer's : Is this weekend a good time to sell your L$ ? |
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Lost McKay
Drinking tea
Join date: 14 Aug 2006
Posts: 25
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10-24-2008 06:57
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Phil Deakins
Prim Savers = low prims
Join date: 17 Jan 2007
Posts: 9,537
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10-24-2008 07:03
It's been worthwhile for more than a month. The last two times I cashed out I got a lot more £s than previously, and I get a cheque once a month or so. No doubt right now it's even better.
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Alazarin Mondrian
Teh Trippy Hippie Dragon
Join date: 4 Apr 2005
Posts: 1,549
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10-24-2008 07:36
I play a close game of poker. I'll sit tight until the market bottoms out (i.e: the £ looks like it will start to rise against the US$) then I'll sell. And then convert my £ back to US$ as the £ rises again. Basic currency speculation 101.
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Lostmedia Ares
Drinking tea
Join date: 6 Sep 2006
Posts: 290
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10-24-2008 07:44
Just goes to show that the so called credit crunch has a few up sides .
Been watching the exchange rate fluctuate since this morning and the stocks and shares all in the red .... it really is chaos today. Just have to wait and see if investers jump in and start buying up the cheap stock Allso good news is the fule price drop .... im off to ASDA to fill up with motion lotion  How longs the transfrer time between LL and Pay pal after transfer ? _____________________
Aoccdrnig to a rscheearch at Cmabrigde Uinervtisy, it deosn't mttaer in waht oredr the ltteers in a wrod are, the olny iprmoetnt tihng is taht the frist and lsat ltteer be at the rghit pclae. The rset can be a toatl mses and you can sitll raed it wouthit porbelm. Tihs is bcuseae the huamn mnid deos not raed ervey lteter by istlef, but the wrod as a wlohe.
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Porky Gorky
Temperamentalalistical
Join date: 25 May 2004
Posts: 1,414
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10-24-2008 08:39
Took the thoughts right out of my head! I've saved a little nest egg in unfilled sell orders all year for a moment just like this and cashed out the lot today.
Yes, i think i will buy that 48" LCD TV and new graphics card. Thanks very much Americans for f*cking up the economy  _____________________
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Ciaran Laval
Mostly Harmless
Join date: 11 Mar 2007
Posts: 7,951
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10-24-2008 08:49
I'm not sure when this will bottom out but personally I felt it was too high anyway so we're returning to more normal levels in value. I don't think the pound will return to levels of $2 to the pound for quite some time, I'd expect it to settle around the $1.40 to $1.50 mark.
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Phil Deakins
Prim Savers = low prims
Join date: 17 Jan 2007
Posts: 9,537
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10-24-2008 16:14
When I were a lad, it were $2.50 to the £. 'Course you could a 2lb bag o' sugar fer a shillin' back then, an' a bag o' chips fer fourpence.
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Prim Savers - almost 1000 items of superbly crafted, top quality, very low prim furniture, and all at amazingly low prices.
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Jig Chippewa
Fine Young Cannibal
Join date: 30 Oct 2006
Posts: 5,150
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10-25-2008 01:03
When I were a lad, it were $2.50 to the £. 'Course you could a 2lb bag o' sugar fer a shillin' back then, an' a bag o' chips fer fourpence. Was that before World War II or during? _____________________
Fine Young Cannibal
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Ciaran Laval
Mostly Harmless
Join date: 11 Mar 2007
Posts: 7,951
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10-25-2008 01:43
When I were a lad, it were $2.50 to the £. 'Course you could a 2lb bag o' sugar fer a shillin' back then, an' a bag o' chips fer fourpence. Good grief Phil you must be going back some, all I remember is the outrage when a bag of chips went up from 15p to 17p! |
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Max Herzog
Cloudy
Join date: 9 Jul 2006
Posts: 1,073
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10-25-2008 02:06
Good grief Phil you must be going back some, all I remember is the outrage when a bag of chips went up from 15p to 17p! Or the demise of the penny chew. _____________________
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Ciaran Laval
Mostly Harmless
Join date: 11 Mar 2007
Posts: 7,951
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10-25-2008 02:14
Or the demise of the penny chew. Lol!! I remember that mojo's were half a penny. |
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Distilled1 Rush
written in the Pixles
Join date: 29 Jul 2006
Posts: 504
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10-25-2008 02:22
Took the thoughts right out of my head! I've saved a little nest egg in unfilled sell orders all year for a moment just like this and cashed out the lot today. Yes, i think i will buy that 48" LCD TV and new graphics card. Thanks very much Americans for f*cking up the economy Your Welcome I like Fire sales! Cheap stocks buying the long term and will make a killing  _____________________
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Liznwiz Wei
Registered User
Join date: 9 Dec 2006
Posts: 69
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10-25-2008 02:24
Lol!! I remember that mojo's were half a penny. Blackjacks were 4 for a penny when I was a kid, how old does that make me!! _____________________
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Ciaran Laval
Mostly Harmless
Join date: 11 Mar 2007
Posts: 7,951
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10-25-2008 03:12
Blackjacks were 4 for a penny when I was a kid, how old does that make me!! Yikes they were always a penny for one when I was a lad, same as fruit salads! You must have got a right bargain ten pence mixup! |
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Wulfric Chevalier
Give me a Fish!!!!
Join date: 22 Dec 2006
Posts: 947
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10-25-2008 03:13
I just about remember them at 8 for an old penny.
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Phil Deakins
Prim Savers = low prims
Join date: 17 Jan 2007
Posts: 9,537
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10-25-2008 04:37
Was that before World War II or during? _____________________
Prim Savers - almost 1000 items of superbly crafted, top quality, very low prim furniture, and all at amazingly low prices.
http://slurl.com/secondlife/Seymour/213/120/251/ |
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Cherry Czervik
Came To Her Senses
Join date: 18 Feb 2006
Posts: 3,680
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10-25-2008 07:38
Yikes they were always a penny for one when I was a lad, same as fruit salads! You must have got a right bargain ten pence mixup! I thought Ciaran was the oldest man in the West Midlands  I'm glad I cashed out when I did - might not have had much to show for it but it was some. Just a shame that it had to be converted to Stirling when it was, as I am only going to be converting it back to Dollars in a few weeks anyway. Damn the lot of you, I am craving Blackjacks now. The local shop does Blackjack chews ... and I'm going to go get some!! _____________________
To exchange power is sublime. To steal from another ... well, what goes around comes around.
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Jig Chippewa
Fine Young Cannibal
Join date: 30 Oct 2006
Posts: 5,150
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10-25-2008 10:33
Oh dear! We've got the old gaffers reminiscing about the price of boiled gumdrops now! You're all starting to sound like my sl partner who is in his mid 60s in real (I am 28 in real) Last night he was waffling on about Jon Pertwee as Doctor Who and was horrified to be told we have had a few more since then. In other matters he is switched on. But dont tell him I said so.
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Fine Young Cannibal
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Phil Deakins
Prim Savers = low prims
Join date: 17 Jan 2007
Posts: 9,537
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10-25-2008 10:36
Oh dear! We've got the old gaffers reminiscing about the price of boiled gumdrops now! You're all starting t sound like my sl partner who is in his mid 60s in real (I am 28 in real) Last night he was waffling on about Jon Pertwee as Doctor Who and was horrified to be told we have had a few more since then. In other matters he is switched on.  _____________________
Prim Savers - almost 1000 items of superbly crafted, top quality, very low prim furniture, and all at amazingly low prices.
http://slurl.com/secondlife/Seymour/213/120/251/ |
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Jig Chippewa
Fine Young Cannibal
Join date: 30 Oct 2006
Posts: 5,150
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10-25-2008 10:36
Naa. That came later. Waterloo? Or Boer War, then? _____________________
Fine Young Cannibal
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Jig Chippewa
Fine Young Cannibal
Join date: 30 Oct 2006
Posts: 5,150
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10-25-2008 10:38
Ah but Jon Pertwee was the best Dr. Who. However, his best part was as Chief Petty Officer Pertwee in The Navy Lark - a radio programme I heard some of that onBBC Radio7 - the internet BBC station for comedy - yes, we have internet now. Is it meant to be funny? All the women sound like they are virgins! _____________________
Fine Young Cannibal
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Phil Deakins
Prim Savers = low prims
Join date: 17 Jan 2007
Posts: 9,537
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10-25-2008 10:38
Waterloo? Or Boer War, then? _____________________
Prim Savers - almost 1000 items of superbly crafted, top quality, very low prim furniture, and all at amazingly low prices.
http://slurl.com/secondlife/Seymour/213/120/251/ |
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Phil Deakins
Prim Savers = low prims
Join date: 17 Jan 2007
Posts: 9,537
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10-25-2008 10:39
I heard some of that onBBC Radio7 - the internet BBC station for comedy - yes, we have internet now. _____________________
Prim Savers - almost 1000 items of superbly crafted, top quality, very low prim furniture, and all at amazingly low prices.
http://slurl.com/secondlife/Seymour/213/120/251/ |
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Jig Chippewa
Fine Young Cannibal
Join date: 30 Oct 2006
Posts: 5,150
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10-25-2008 10:45
Ak'chaly, my partner also told me about teh Clitheroe Kid and I managed to hear a bit and quite honestly, it creeped me out a bit, coz he wasnt a kid at all, was he?
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Fine Young Cannibal
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Phil Deakins
Prim Savers = low prims
Join date: 17 Jan 2007
Posts: 9,537
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10-25-2008 10:50
Ak'chaly, my partner also told me about teh Clitheroe Kid and I managed to hear a bit and quite honestly, it creeped me out a bit, coz he wasnt a kid at all, was he? Ask him about Radio Luxemburg _____________________
Prim Savers - almost 1000 items of superbly crafted, top quality, very low prim furniture, and all at amazingly low prices.
http://slurl.com/secondlife/Seymour/213/120/251/ |